Shanghai social security fund case has become the focus of social attention: first, the amount involved is huge; Second, it happened in the social security field related to the national economy and people's livelihood, and the social security fund is the "life-saving money" of the people; Third, there are many officials involved, and the central government has a huge lineup to investigate and deal with this case.

This case reflects some problems in the management of public funds. According to incomplete statistics, since 1998, the social security fund16 billion yuan has been cleared and recovered nationwide, and by the end of 2005, 65,438 billion yuan has not been recovered. How to establish a scientific operation mode of social security fund raising, management and distribution, and how to establish an effective supervision mechanism and public supervision mechanism have become urgent problems for China's social security. After the Shanghai social security fund case, the relevant departments responded quickly. At the symposium on the discipline inspection and supervision of the national labor and social security system held recently, the Ministry of Labor and Social Security and the Ministry of Supervision said that a special inspection system would be established, and a joint inspection team would be formed every year to conduct special inspections on the collection, management and distribution of social security funds in some provinces and cities, and directly conduct spot checks on cities and counties.

Reforming the current management mechanism of social security fund to further improve the security and profitability of social security fund is not only the need to protect the elderly, but also the necessary move to maintain social stability and promote social harmony.